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Mar 8, 2013
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ceiling. there's a period of a few months here where they believe they can get something done. i've told that the president will urge his emb, the department of office and management and budget to try to give some of the lawmakers here some structure to work with, to try to get them to buy in to work on a process, a way that would look a lot more like traditional legislating than we've seen over the last few years to try to work through some sort of a budget solution for a longer term. >> and kelly, on wednesday, the eyes of washington and much of the country were fixated on rand paul's epic filibuster. >> still being talked about. >> what that filibuster was about came to fruition yesterday, john brennan confirmed by the senate, although some high profile democrats voting against him. that is now done. >> he will be headed off to longlong -- langley to take over his new job. watching it happen in realtime here, luke, it was sort of a lonely senate floor when rand paul began and as the hours r
ceiling. there's a period of a few months here where they believe they can get something done. i've told that the president will urge his emb, the department of office and management and budget to try to give some of the lawmakers here some structure to work with, to try to get them to buy in to work on a process, a way that would look a lot more like traditional legislating than we've seen over the last few years to try to work through some sort of a budget solution for a longer term. >>...
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Apr 10, 2013
04/13
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that allows for an increase in debt ceiling and maybe cpi gets in there and maybe it doesn't that increases the debt ceiling and takes more out of deficit reduction but 4 trillion over ten years sweeping deal that takes these issues off the table for a while. it will be another short-term fix. >> at the end of the day are republicans going to have to accept again higher taxes and the democrats are going to have to accept cuts and make changes in inflation to the way social security payments are made? is there any alternative to that at the end of the day? >> if you want a grand bargain deal then those are the elements of it, ross. it's just really hard to see how either side goes that far. if you look this morning just on cpi alone, i'm a big believer and any economist is a believer in getting cpi measurements right to index taxes an spending in the federal government. all we're talking about is counting accurately. you have arp and others coming out strongly about any changes in cpi. if we can't agree to count accurately, it's hard to see how we get agreement on any of these other elements
that allows for an increase in debt ceiling and maybe cpi gets in there and maybe it doesn't that increases the debt ceiling and takes more out of deficit reduction but 4 trillion over ten years sweeping deal that takes these issues off the table for a while. it will be another short-term fix. >> at the end of the day are republicans going to have to accept again higher taxes and the democrats are going to have to accept cuts and make changes in inflation to the way social security...
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Mar 9, 2013
03/13
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wall street headline was boehner continues to link that debt ceiling to cuts. house speaker boehner on thursday said he would continue to insist the next debt ceiling cuts be matched by the spending cuts, raised by the prospect. there is something to look forward to. what happened to the economy when we had a high stakes showdown? we've seen this movie before. this chart is all you need to know. that red circle right there, that is the big dip in new jobs added to the economy in may, june, july and august, where the united states was seriously talking about defaulting on the debt. we basically cut our job creation in half for that period. it was unprecedented. unnecessary, completely damaging economic sabotage. and washington keeps coming up with new and unusual ways to scare the economy, to take money and confidence out of the economy, none more twisted than taking the nation's credit rating and credit worthyness hostage. but washington, there is a way to stop doing it. it is not that complicated. just stop doing it. they could go home, go an vacation, don't d
wall street headline was boehner continues to link that debt ceiling to cuts. house speaker boehner on thursday said he would continue to insist the next debt ceiling cuts be matched by the spending cuts, raised by the prospect. there is something to look forward to. what happened to the economy when we had a high stakes showdown? we've seen this movie before. this chart is all you need to know. that red circle right there, that is the big dip in new jobs added to the economy in may, june, july...
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Mar 5, 2013
03/13
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to manage cr or the debt ceiling in proper fashion. or that they're not going to be willing to revisit sequestration in time to keep it from being too broadly focused. >> yeah. john, thank you so much for calling in. >> thank you for having me. >> appreciate you adding another voice to the conversation today. >>> coming up on the half, jcpenney, another stock the rally left behind, today getting punched yet again. is a bottom anywhere in sight? our traders will make that call. >>> tune in tonight at 7:00 p.m. eastern, a special program on today's historic market action. then at 9:00 eastern, an even bigger event, "treasure detectives," a new cnbc reality series. the kickoff is this evening as you see right there, 9:00 p.m. eastern. and it is not to be missed. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do
to manage cr or the debt ceiling in proper fashion. or that they're not going to be willing to revisit sequestration in time to keep it from being too broadly focused. >> yeah. john, thank you so much for calling in. >> thank you for having me. >> appreciate you adding another voice to the conversation today. >>> coming up on the half, jcpenney, another stock the rally left behind, today getting punched yet again. is a bottom anywhere in sight? our traders will make...
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Apr 5, 2013
04/13
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going back to last summer during that big debt ceiling debate. i think the white house believes this is something that they're prepared to really know to battle on. the president knows he's going to have to get democrats on the table and he's also going to have to get republicans on the table and that's part of his charm offensive. he is going to be having dinner with them. >> this is with senate republicans. house republicans no chance at all until there is some sort of deal. >> this is the first time in history that a president has done a budget after both the house and senate have done a budget. now trying to claim himself at this great guy who is going to bring people together. this is ridiculous. the president has already taken himself out -- >> they haven't passed a budget in washington for years. >> but we haven't had a real budget pass in a long time. fair enough. >> just get moving. >> we'll also hear from the white house on the just released job numbers. >>> plus, reached the final four. but, first, the white house soup of the day, roas
going back to last summer during that big debt ceiling debate. i think the white house believes this is something that they're prepared to really know to battle on. the president knows he's going to have to get democrats on the table and he's also going to have to get republicans on the table and that's part of his charm offensive. he is going to be having dinner with them. >> this is with senate republicans. house republicans no chance at all until there is some sort of deal. >>...
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Dec 30, 2013
12/13
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get something to raise that debt ceiling. paul ryan is talking about getting the keystone pipeline. democrats won't go for that. i think it's less of a risk but i think you could get some headline risks out of the debt ceiling. >> jimmy, by the way, what happens if, in fact, congress is able to do something big in terms of one of the items either on the president's agenda or something else when it comes to corporate tax reform? i mean, i've heard an extotally people shifting income into 2014, if something happens to that front? >> i would love to say, we're going to get big corporation tax cuts, imgreg, i don't think any of that stuff will happen in 2014. i think that's going nowhere. i think that's maybe a 2015. i think the whole year will focus, really, on obamacare and what happens with the affordable care act. republicans want to focus on that and set themselves up for the midterm. it's going to be a year of do nothing. do nothing good or bad. >> next year is divisible by two meaning we have midterm elections when typical
get something to raise that debt ceiling. paul ryan is talking about getting the keystone pipeline. democrats won't go for that. i think it's less of a risk but i think you could get some headline risks out of the debt ceiling. >> jimmy, by the way, what happens if, in fact, congress is able to do something big in terms of one of the items either on the president's agenda or something else when it comes to corporate tax reform? i mean, i've heard an extotally people shifting income into...
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Mar 13, 2013
03/13
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it's as if nothing happened since the debt ceiling debacle of july 2011. neither budget seems to reflect the reality of where things are in d.c. these budgets were created solely, solely for interest groups who keep score to decide who is a real democrat and a real republican. these budgets were not even designed to start the conversation on the grand bargain. this was, maybe one baby step forward, and everybody proposed a budget, but it's three steps back. so the question is whether the two parties can bridge this wide divide and tackle serious entitlement and tax reform. this is where the president may or may not decide to fill the vacuum. in an interview with abc news, the president said it's possible nothing will happen. >> right now, what i'm trying to do is create an atmosphere where democrats and republicans can go ahead, get together, and try to get something done. but ultimately, it may be that the differences are just too wide. >> interesting to see, when the president releases his budget, senate democrats were much further, perhaps, to the left,
it's as if nothing happened since the debt ceiling debacle of july 2011. neither budget seems to reflect the reality of where things are in d.c. these budgets were created solely, solely for interest groups who keep score to decide who is a real democrat and a real republican. these budgets were not even designed to start the conversation on the grand bargain. this was, maybe one baby step forward, and everybody proposed a budget, but it's three steps back. so the question is whether the two...
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Mar 8, 2013
03/13
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you're not going to have a debt ceiling mess. you're fought going to have a big government shutdown. you have a 0.5% drag from the sequester and that's about it and you know wa you're dealing with. >> what made me feel a little bit better about what you just said, so many people are saying this is a fed fueled stock market rally. and that is true to some extent. but you just talked about all of the underpinnings of the economy that are benefiting from the fed policy which justify the move in march. so it's not just like some -- something that only affects the wealth effect in stock markets. the underlying economy is reflecting the low rates, which is helping underpin the market. >> the fed easying policy is inefficient, but it's working. they're kind of, okay, it doesn't work that efficiently, so we're going to do a lot of it and is it's actually working to help the interest sensitive sectors. the household net worth just came in for the end of december and the flow of funds. we almost got back to the old highs. as of this mornin
you're not going to have a debt ceiling mess. you're fought going to have a big government shutdown. you have a 0.5% drag from the sequester and that's about it and you know wa you're dealing with. >> what made me feel a little bit better about what you just said, so many people are saying this is a fed fueled stock market rally. and that is true to some extent. but you just talked about all of the underpinnings of the economy that are benefiting from the fed policy which justify the move...
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Jan 2, 2013
01/13
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i can immediately switch to the debt ceiling and be negative and want to cry. but i want to focus on the fact that we got something good that happened. i know no one liked the deal. that's what happens. that's what compromise is about. >> exactly. >> you're not supposed to like a compromise deal. >> i agree. listen, it's a time to be optimistic. i love the tweet this morning that let's put d.c. on the back burner a bit, and put the stock price where it's supposed to be, which is future earnings. >> we'll get there in one 1/2 months when the sequester is over, when we'll have to deal with the debt ceiling. president obama has already said he will not negotiate op the debt ceiling. these are huge issues for the market. we're staring down the barrel for the past two sessions, you have to wonder as a trader, what do you do with this gift that you've got at the beginning of the year? do you sell this? >> don't trade it. >> don't trade it? hold? >> s&p up 16% last year. traders didn't get that gain. they didn't get the dividend. they went all about this risk on/risk
i can immediately switch to the debt ceiling and be negative and want to cry. but i want to focus on the fact that we got something good that happened. i know no one liked the deal. that's what happens. that's what compromise is about. >> exactly. >> you're not supposed to like a compromise deal. >> i agree. listen, it's a time to be optimistic. i love the tweet this morning that let's put d.c. on the back burner a bit, and put the stock price where it's supposed to be, which...
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Sep 26, 2013
09/13
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could default on its loans if congress doesn't raise the debt ceiling. the white house is warning not to use it as a bargaining chip. >> there is no negotiating over congress' responsibility to ensure we do not default. >> reporter: gop sources tell cnn that as soon as saturday, house republicans are planning to pass a bill that raises the debt ceiling but also adds several gop priorities like the keystone pipeline or tax reform or even delaying obama care for one year. >> the real play here is going to be leading up to the debt ceiling discussion where we could get a full delay for a year, including taxes, and i think the president's ready to do that. >> reporter: fat chance, say democrats. >> their strategy will fail, because the financial markets will pistol whip the republican conference into doing then what they should be doing now, and that is pay america's bills. >> reporter: but let's go back to that first deadline, the looming government shutdown. >> senator, i know you're exhausted. >> reporter: ted cruz finally sat down after his headline-grab
could default on its loans if congress doesn't raise the debt ceiling. the white house is warning not to use it as a bargaining chip. >> there is no negotiating over congress' responsibility to ensure we do not default. >> reporter: gop sources tell cnn that as soon as saturday, house republicans are planning to pass a bill that raises the debt ceiling but also adds several gop priorities like the keystone pipeline or tax reform or even delaying obama care for one year. >> the...
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Mar 24, 2013
03/13
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this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons is that it's hard to define what assault weapons is, whether the ten-year ban, the federal ban made a difference. >> so colorado can't pass a ban on semiautomatic assault weapons. do you take that as a sign it's not going to pass in any state? >> well, it's really hard to know. every state is different. but there is a huge question here. lawmakers feel a lot of pressure from gun lobbyists, gun rights groups and this is why the effort is so interesting. he says he's going to spend $12 million to really look at senators that might be persuadable, particularly those with strong gun rights cul
this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons...
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Apr 10, 2013
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ceiling increase probably the first of august. >> so, jim, did the president put everything he wanted in there that his whole shopping list and then he gave one thing to pretend that he's trying to take something from his base and that's the chain cpi, he's got everything else in there, puts a stocking horse of chain, yeah, i'm ready, this is big for me to do this, but it's all posturing, isn't it? >> well, you can put it that way, you can also say it's a good first start if you're trying to be objective in looking at it. i'm trying to be optimistic about it, i think we do need tax reform to get the economy going and we need entitlement reform if we're going to drop the debt to, you know, to a point which is sustainable in the long-term. have. >> no, i understand you lost a couple of elections, now you're rolling over and appeasing, you're battered and bruised like the rest of your party and ready to roll over. thank you, sir, may i have another? jared, tell me how this is totally wrong and it's really a great deal for. >> well, i guess probably the best way of explaining how you're t
ceiling increase probably the first of august. >> so, jim, did the president put everything he wanted in there that his whole shopping list and then he gave one thing to pretend that he's trying to take something from his base and that's the chain cpi, he's got everything else in there, puts a stocking horse of chain, yeah, i'm ready, this is big for me to do this, but it's all posturing, isn't it? >> well, you can put it that way, you can also say it's a good first start if you're...
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Sep 17, 2013
09/13
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. >> brian: we're reaching our debt ceiling on our visa. here is the thing, let's say you want to go out to eat and the guy you're dating does not. hey, let's just make something at home. let's go get a cake, we have to go to a birthday party. let's make our own cake. can that get annoying? >> yeah. you don't want to marry a cheapskate. >> brian: exactly. >> so yeah, there is a difference there. but opposites attract. so obviously you're probably going to marry your opposite. if you're a spender, you'll marry a saver. >> brian: can you change somebody, do you think? have you done that part of the study? >> well, no. i think naturally you're either a spender or saver. as an adult, you have to be mature and say i can't save anything. i need to have a little fun and i can't spend everything because i'll be broke. there has to be balance. >> steve: so the allure of the saver is financially and physically fit, they're more attractive and self-disciplined? >> that's what they say. i think it makes sense. again, i wouldn't marry someone just becau
. >> brian: we're reaching our debt ceiling on our visa. here is the thing, let's say you want to go out to eat and the guy you're dating does not. hey, let's just make something at home. let's go get a cake, we have to go to a birthday party. let's make our own cake. can that get annoying? >> yeah. you don't want to marry a cheapskate. >> brian: exactly. >> so yeah, there is a difference there. but opposites attract. so obviously you're probably going to marry your...